QWAL-IT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
QWAL-IT
Largest movements
- Tangible fixed assets -€19,183
down €19,183 (-25.6%), from €74,790 to €55,607
of which Furniture and vehicles: -€18,191
- Cash +€4,806
up €4,806 (+10.4%), from €46,161 to €50,967
mainly Net result for the year (+€48,644) and Depreciation (+€20,340)
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Debts after one year -€11,665
down €11,665 (-20.4%), from €57,117 to €45,452
- Profit (loss) carried forward +€8,619
up €8,619 (+172.4%), from €5,000 to €13,619
- Tax, wage and social debts +€8,169
up €8,169 (+69.8%), from €11,700 to €19,869
- Reserves -€1,760
down €1,760 (-94.6%), from €1,860 to €100
- Gross operating margin +€22,260
up €22,260 (+34.7%), from €64,087 to €86,347
- Taxes +€5,877
up €5,877 (+69.5%), from €8,459 to €14,336
- Write-downs -€2,456
no longer reported in 2025 (was €2,456)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,410 | €125,386 | -€13,024 | -9.4% |
| Fixed assets | 21/28 | €74,790 | €55,607 | -€19,183 | -25.6% |
| Tangible fixed assets | 22/27 | €74,790 | €55,607 | -€19,183 | -25.6% |
| Plant, machinery and equipment | 23 | €2,451 | €1,458 | -€993 | -40.5% |
| Furniture and vehicles | 24 | €72,339 | €54,149 | -€18,191 | -25.1% |
| Current assets | 29/58 | €63,620 | €69,779 | +€6,159 | +9.7% |
| Amounts receivable within one year | 40/41 | €14,208 | €15,293 | +€1,085 | +7.6% |
| Trade receivables | 40 | €12,814 | €14,893 | +€2,079 | +16.2% |
| Other amounts receivable | 41 | €1,394 | €400 | -€994 | -71.3% |
| Cash at bank and in hand | 54/58 | €46,161 | €50,967 | +€4,806 | +10.4% |
| Deferred charges and accrued income | 490/1 | €3,251 | €3,519 | +€268 | +8.3% |
| Total equity and liabilities | 10/49 | €138,410 | €125,386 | -€13,024 | -9.4% |
| Equity | 10/15 | €25,460 | €14,719 | -€10,741 | -42.2% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €1,860 | €100 | -€1,760 | -94.6% |
| Distributable reserves | 133 | €1,860 | €100 | -€1,760 | -94.6% |
| Profit (loss) carried forward | 14 | €5,000 | €13,619 | +€8,619 | +172.4% |
| Amounts payable | 17/49 | €112,950 | €110,667 | -€2,283 | -2.0% |
| Amounts payable after more than one year | 17 | €57,117 | €45,452 | -€11,665 | -20.4% |
| Financial debts | 170/4 | €57,117 | €45,452 | -€11,665 | -20.4% |
| Amounts payable within one year | 42/48 | €55,833 | €65,215 | +€9,382 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €11,218 | €11,665 | +€447 | +4.0% |
| Trade debts | 44 | €3,246 | €3,681 | +€435 | +13.4% |
| Suppliers | 440/4 | €3,246 | €3,681 | +€435 | +13.4% |
| Taxes, remuneration and social security | 45 | €11,700 | €19,869 | +€8,169 | +69.8% |
| Taxes | 450/3 | €11,700 | €19,869 | +€8,169 | +69.8% |
| Other amounts payable | 47/48 | €29,669 | €30,000 | +€331 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,422 | €20,340 | -€82 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,456 | - | -€2,456 | |
| Other operating charges | 640/8 | - | €440 | +€440 | |
| Gross operating margin | 9900 | €64,087 | €86,347 | +€22,260 | +34.7% |
| Operating profit (loss) | 9901 | €41,209 | €65,567 | +€24,358 | +59.1% |
| Financial income | 75/76B | €9 | €18 | +€9 | +94.8% |
| Recurring financial income | 75 | €9 | €18 | +€9 | +94.8% |
| Financial charges | 65/66B | €3,090 | €2,605 | -€485 | -15.7% |
| Recurring financial charges | 65 | €3,090 | €2,605 | -€485 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €38,128 | €62,980 | +€24,852 | +65.2% |
| Income taxes | 67/77 | €8,459 | €14,336 | +€5,877 | +69.5% |
| Profit (loss) for the period | 9904 | €29,669 | €48,644 | +€18,975 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,669 | €48,644 | +€18,975 | +64.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.